Samsung returns to top of the smartphone market: Industry tracker

Samsung regained its place as the highest smartphone vendor, wresting again the lead from Apple as Chinese language rivals shut the hole on each market leaders, {industry} tracker Worldwide Information Company (IDC) reported Monday.

South Korea-based Samsung overtook Apple as worldwide smartphone shipments grew practically 8 p.c within the first quarter of this yr to 289.4 million, IDC stated, citing its preliminary knowledge.

It was the third consecutive quarter of progress within the international smartphone market, signaling {that a} restoration from a hunch within the sector is underway, in response to IDC.

IDC Worldwide Mobility and Shopper Gadget Trackers workforce vp Ryan Reith anticipated prime smartphone firms to realize share and small manufacturers to battle for place as restoration progresses.

Samsung shipped 60.1 million smartphones within the first quarter of this yr, claiming practically 21 p.c of the market, in response to IDC figures.

Apple shipped 50.1 million iPhones, garnering simply over 17 p.c of the market in the identical interval, IDC reported.

Apple smartphone shipments have been down 9.6 p.c in a quarter-over-quarter comparability, whereas Samsung shipments slipped lower than one p.c, in response to the market tracker.

In the meantime, China-based Xiaomi noticed shipments develop about 33 p.c to 40.8 million and Transsion about 85 p.c to twenty-eight.5 million, taking third and fourth positions within the general smartphone market, IDC reported.

“While Apple managed to capture the top spot at the end of 2023, Samsung successfully reasserted itself as the leading smartphone provider in the first quarter,” Reith stated.

IDC expects Samsung and Apple to keep up their maintain on the excessive finish of the smartphone market whereas Chinese language rivals search to develop gross sales, in response to Reith.

Nabila Popal, analysis director with IDC’s Worldwide Tracker workforce, stated, “There’s a shift in energy among the many Prime 5 firms, which can probably proceed as market gamers regulate their methods in a post-recovery world.

“Xiaomi is coming back strong from the large declines experienced over the past two years and Transsion is becoming a stable presence in the Top 5 with aggressive growth in international markets.”

© 2024 AFP